Tanalys

GOLD (Spot) intraday: bullish bias above 1328

Pivot: 1328.00

Our preference: LONG positions above 1328 with targets @ 1352 1374.

Alternative scenario: The downside penetration of 1328 will call for a slide towards 1309 1287.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trend: ST Bearish; MT Bearish

Key levels Comment

1393** Intraday resistance

1374** Intraday resistance

1352** Intraday resistance

1344.3 Last

1328*** Intraday pivot point

1309** Intraday support

1287** Intraday support

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